Is this what's driving today's strong interest in HAS?
BLOOMBERG China to Form Two Rare Earth Giants to Strengthen Pricing Power 24 September 2021, 2:07 pm AEST
"China is planning to create two rare earth mining giants in an effort to gain better pricing power in global markets, according to people familiar with the matter.
The government is aiming to eventually consolidate all its rare earth miners and processors into the two huge firms, one in the north and one in the south, the people said, asking not to be identified discussing a private matter.
The one in southern China will oversee medium-to-heavy rare earths, and the other in the north will control all light rare earths, the people said. It’s unclear when the merger will be completed."
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